Resilium-backed Cornerstone Risk Group has made another investment in Queensland, buying Toowoomba-based PMA Trilogy Insurance Solutions for an undisclosed amount. 

Cornerstone has been actively building its Queensland market presence in recent months, having acquired Brisbane-based SureFinity Insurance Brokers in October and Central Highlands Insurance Services in Emerald, which became part of the business in September. 

PMA Trilogy Insurance Solutions, an authorised representative of Resilium Insurance Broking since 2018, services customers throughout regional Queensland and has a strong focus on providing insurances for agricultural, commercial and faith clients. 

In the SME market it focuses on business with an annual turnover of under $100 million and it has advised more than 100 Christian congregations across the country, its website says. 

“Cornerstone Risk already has a large presence in Queensland’s Western and Darling Downs and this acquisition of PMA Trilogy Insurance Solutions will further cement our footprint in the region,” Director Scott Mitchell said. 

“There will be no significant change to the business as a result of this acquisition, other than that the PMA Trilogy Team will join our larger group and gain from our existing connections and relationships we have built in the Toowoomba and Darling Downs region.” 

Resilium Partners last year acquired a controlling interest in Brisbane-based Cornerstone, which is an AR of Resilium Insurance Broking.